Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21308 John Milless Dr Rogers, MN 55374

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    748 SF office space for lease or sublease.

    Property size:
    748 SF
    Lot size:
    0.70 Acres

    Property Features for 21308 John Milless Dr

    General Information

    Size
    748 SF
    Lot size
    0.70 Acres

    We can help!

    Listing Contact
    Michael Colosimo
    Michael Colosimo
    Source: Moodyscre

    Listing Agent: Michael Colosimo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rogers Office Space Available

    A 748 square foot office space is available for lease or sublease in Rogers. The suite features a private entrance and provides a professional environment suitable for small businesses or independent professionals. The current lease is active through December 31, 2026, with options for a new lease or renewal after that date. The property is locally owned and managed, offering accessible support for tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5485432
    Latitude
    45.1919173

    Nearby Similar for Lease

    • $15 SF/Yr
      7,100 SF

      Rogers Warehouse with Office Space

      Industrial warehouse with office space available for lease in Rogers.
      14200 James Rd, Rogers, MN 55374
      View Details
    • Contact for pricing
      1,825 SF

      Retail Space Near Rogers High

      Retail space with high visibility near schools and recreation.
      141st N & Rogers Dr, Rogers, MN
      View Details
    • Contact for pricing
      78,000 SF

      Warehouse Space Available For Lease

      Warehouse space available for lease starting December 1, 2024.
      19401 Rogers Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      285,582 SF

      Class A Industrial Facility

      Class A facility with easy access to Interstate 94.
      20000 S Diamond Lk Dr, Rogers, MN
      View Details
    • Contact for pricing
      76,791 SF

      Rogers Distribution Park Warehouse Space

      Warehouse space with easy access to major transportation routes.
      19730 S Diamond Lk Rd, Rogers, MN
      View Details
    • Contact for pricing
      234,000 SF

      Industrial Park with Outside Storage

      Industrial park offering warehouse and distribution space for lease.
      Northdale Blvd, Rogers, MN 55374
      View Details
    • $19 SF/Yr
      1,586 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space in Rogers Tech Center.
      21000 Church Ave, Rogers, MN 55374
      View Details
    • Contact for pricing
      64,800 SF

      Rogers Warehouse with Outside Storage

      Warehouse space available with docks, drive-ins, and outside storage.
      20015 Diamond Lk Rd S, Rogers, MN
      View Details
    • $10 SF/Yr
      5,600 SF

      Industrial Warehouse Space in Rogers

      Office/warehouse space for lease with convenient highway access.
      22011-22043 Industrial Blvd, Rogers, MN
      View Details
    • $16 SF/Yr
      1,504 SF

      Retail Space in Rogers, MN

      1,504 SF retail space available in Rogers, MN.
      21333-21351 John Milless Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      23,075 SF

      Industrial Space Available For Lease

      23,075 SF industrial space with office, docks, and drive-in.
      22000 Industrial Blvd, Rogers, MN
      View Details
    • $16 SF/Yr
      1,800 SF

      Medical Office Space Available

      Turnkey medical office space with existing exam rooms.
      14165 James Rd, Rogers, MN 55374
      View Details

    FAQs

    What type of property is this?
    Office space - 748 SF office space for lease or sublease.
    Where is this office space located?
    The property is located at 21308 John Milless Dr Rogers, MN.
    What are key features of this property?
    This property features: - Rare 748 SF office space available in Rogers.; - Private entrance.; - Current lease through December 31, 2026, with renewal potential.
    (612) 790-4096
    Request Owner's contact information
    21308 John Milless Dr Rogers, MN 55374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21308 John Milless Dr
    Rogers, MN 55374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21308 John Milless Dr Rogers, MN 55374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Colosimo
    Michael Colosimo
    (612) 790-4096
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.